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PX & PTA prices drop in Asian markets
02
Apr '14
Paraxylene (PX) prices declined in Asian markets. In the S E Asian region, PX prices fell and were quoted in the range of US$ 1220/ton to US$ 1225/ton. In the F E Asian market, PX prices declined and were quoted at US$ 1200/ton. Prices of PX imported from the Taiwanese market kept unchanged and were assessed in the range of US$ 1240/ton to US$ 1245/ton.
 
PTA prices dropped in the Asian region. In the S E Asian market, PTA prices decreased and were offered in the range of US$ 910/ton to US$ 915/ton. In the F E Asian market, PTA prices plunged and were quoted at US$ 910/ton. Prices of PTA imported from the Taiwanese market increased and were offered in the range of US$ 910/ton to US$ 915/ton. In the Chinese domestic market, PTA prices decreased and were offered in the range of RMB 6400/ton to RMB 6450/ton.
 
Ethylene prices stayed stable in Asian markets. In the S E Asian market, Ethylene prices remained steady and were offered in the range of US$ 1420/ton to US$ 1425/ton. In the F E Asian region, Ethylene prices remained stable and were quoted at US$ 1375/ton. In the US market, Ethylene prices declined and were offered in the range of 51.00 cents/pound to 51.50 cents/pound. Ethylene prices kept steady in the European international as well as domestic markets and were assessed at US$ 1200/ton and € 905/ton, respectively.
 
MEG prices decreased in Asian markets. In the S E Asian region, MEG prices dropped and were offered at US$ 955/ton. In the Chinese international market, MEG prices increased and were quoted in the range of US$ 950/ton to US$ 955/ton. In the Chinese domestic market, MEG prices were stable in the range of RMB 6850/ton to RMB 6900/ton.
 
In the S E Asian region, prices of BG PET Chips increased and were quoted in the range of US$ 1330/ton to US$ 1370/ton, while some deals were concluded in the range of US$ 1340/ton to US$ 1380/ton. In the F E Asian market, selling offers surged and were offered in the range of US$ 1350/ton to US$ 1390/ton, while talked prices were assessed between US$ 1360/ton and US$ 1400/ton. In the Chinese market, BG PET Chips prices remained unchanged in the range of RMB 8850/ton to RMB 8900/ton.
 
In the Korean market, FG PET Chips prices increased and were offered in the range of US$ 1160/ton to US$ 1200/ton. In the Indian market, FOB based prices were quoted in the range of US$ 1220/ton to US$ 1260/ton. In the Chinese market, FG PET Chips prices surged and were assessed in the range of RMB 8225/ton to RMB 8275/ton.
 
PSF prices remained stable in the Asian region. In the F E Asian market, PSF prices were offered at US$ 1480/ton. In the S E Asian market, PSF selling prices were quoted at US$ 1380/ton. In the Chinese domestic market, PSF prices surged and were assessed in the range of RMB 8825/ton to RMB 8875/ton.
 
In the Chinese domestic market, Polyester POY, DTY and FDY prices increased and were assessed at RMB 9150/ton, RMB 11050/ton and RMB 9600/ton, respectively. In the export market, offers for POY, DTY, and FDY surged to US$ 1235/ton, US$ 1500/ton, and US$ 1290/ton, respectively.
 
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Fibre2fashion News Desk - India


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